Amid the busy cryptocurrency scene, a bold prediction is attracting attention. The anonymous host of the InvestAnswers channel, which has an audience of 447,000 YouTube subscribers, released an analysis that suggests potential stratospheric growth for Bitcoin (BTC) in the coming years.
According to the expert, the possible approval of a spot Bitcoin exchange-traded fund (ETF) could be the catalyst for a massive inflow of investments by big Wall Street names. We’re talking about giants like Fidelity Investments, Charles Schwab, Citadel, Deutsche Bank, BlackRock, Nomura and Franklin Templeton, which together have an impressive US$25.22 trillion in assets under management.
The math is simple, but the implications are profound. If these seven financial powerhouses decide to allocate just 0.5% of their assets to Bitcoin ETFs in the year following the 2024 BTC halving, we could see the value of Bitcoin jump by around 3,219% over a five-year period. This would put BTC at a value close to $920,000 per unit by April 2028.
But why would these institutions make such a move? The InvestAnswers host suggests that many of them, linked to pension funds, are looking for alternatives to improve their returns. Entering the crypto market, especially through ETFs, can be a strategy to achieve this goal.
And when might this start? According to information from the analyst, BlackRock, one of the largest asset managers in the world, already has plans to launch its spot ETF in the coming months. And they don’t want to wait too long. The idea is to enter the market before the next Bitcoin halving, a moment known for generating great expectations and movement in the crypto market.
At the time of publication, the price of BTC was quoted at US$27,980.00, up 2.1% in the last 24 hours.
The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.